SBI Wants 200 2BHKs in Mumbai

SquareFeatIndia — Tue, 07 Oct 2025 11:55:25 +0000

The State Bank of India (SBI) has invited e-tenders for the outright purchase of 200 ready-built 2BHK residential flats in and around Mumbai, marking one of the largest institutional bulk housing purchase plans in recent times.

The tender, issued by the bank’s Premises & Estate Department, Local Head Office – Mumbai Metro, specifies the requirement for flats located across four key suburban railway corridors, with 50 flats needed in each corridor.

Location-Wise Requirement

Tender ID	Railway Corridor	Required Carpet Area (as per RERA)	Number of Flats
MUM202509002	Sion to Ghatkopar	600 Sq Ft (±10%)	50
MUM202509003	Andheri to Borivali	600 Sq Ft (±10%)	50
MUM202509004	Thane to Kalyan	600 Sq Ft (±10%)	50
MUM202509005	Kharghar to Panvel	600 Sq Ft (±10%)	50

Key Tender Details

Number of flats required: 200 (2BHK units)
Carpet area: Approx. 600 sq ft as per RERA norms, with ±10% variation allowed
Eligible participants: Reputed builders/developers, POA holders, or authorized representatives
Tender issue period: October 7, 2025 – November 6, 2025
Last date for online submission: November 6, 2025, 3:00 PM
Mode: Online through SBI e-tender portal
Note: Offers beyond the listed corridors will not be considered. No brokers are allowed.

Why This Matters

SBI’s move to buy residential units in bulk is significant for Mumbai’s suburban housing market, especially in mid-income corridors such as Thane–Kalyan and Kharghar–Panvel. Bulk purchases by large institutions can provide liquidity and absorption support to developers, particularly in a period when launch volumes are steady but sales velocity is moderating.

For developers, the tender represents an opportunity to offload inventory in bulk and secure assured payments from a credible buyer. For the market, such institutional purchases can help set benchmark pricing in the mid-segment category.

What It Means for Homebuyers

While the tender is not for individual retail buyers, such bulk acquisitions indicate:

Institutional confidence in mid-income housing segments.
Possible tightening of supply in certain suburban pockets, which could firm up prices.
Increased developer focus on 2BHK mid-sized units (around 600 sq ft) to meet both institutional and retail demand.
Potential for better infrastructure and community development if large anchor buyers like SBI enter projects.

Next Steps

Interested parties can download the tender document from SBI’s website and submit their offers online. The bank reserves the right to alter the number of flats based on its requirements.

Also Read: SBICAP Ventures backed SWAMIH Investment Fund-I Raises over INR 15,000 Crores at its final close